Executive Underwriter, Surety

Executive Underwriter - Surety

Department: Underwriting

Location: Toronto, ON

Reports To: AVP, Surety - Ontario & Atlantic Region

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.

If you are unsure whether your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all our decision-making and come to life through our benefits and employee programs. We offer:

• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive health & dental benefits plan
• Market-leading pension plan
• Competitive time off policy
• External education & tuition reimbursement programs
• Employee & Family Assistance Programs
• An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion

Liberty Mutual Canada is seeking a Contract Surety Executive Underwriter to join our Toronto office. In this role, you will be responsible for marketing, underwriting, and servicing a portfolio of clients across Ontario and Atlantic Canada.

Leveraging your strong relationship-building skills, you will develop and maintain long-term partnerships with brokers and clients, focusing on sustainable growth rather than transactional sales. You will apply your financial and business acumen to conduct in-depth credit underwriting, perform financial and risk analysis, and make informed decisions on both new and existing accounts.

This is an excellent opportunity for a driven, experienced surety professional looking to advance their career with a leading global surety provider that prioritizes its people and clients.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the largest global surety provider. Operating in over 60 countries through a network of subsidiaries and fronting relationships, we support construction firms, manufacturers, suppliers, and commercial enterprises. We are committed to building mutually profitable relationships through smart business solutions, ease of doing business, and consistent, responsive service. We also take pride in fostering a diverse workforce and supporting the communities we serve worldwide.

Duties and Responsibilities

• Build and strengthen Liberty Mutual Surety’s presence across Ontario and Atlantic Canada by developing relationships with brokers and generating new business opportunities. Act as a trusted advisor by communicating our underwriting appetite, policies, and value proposition.
• Lead the origination, evaluation, and underwriting of surety opportunities, including complex transactions.
• Develop and manage a balanced book of business, ensuring alignment with production, profitability, and growth objectives.
• Perform detailed financial analysis, including trend and ratio analysis, to assess risk and determine appropriate underwriting positions.
• Monitor portfolio performance, identifying emerging risks and recommending proactive strategies, including mitigation plans or exit strategies where required.
• Analyze risk exposures, loss history, and market conditions to determine appropriate coverage structures, terms, and conditions.
• Maintain ongoing oversight of assigned accounts, ensuring compliance with underwriting guidelines, authority levels, and internal controls.
• Collaborate with internal teams and external partners to deliver exceptional service and identify cross-selling opportunities across Liberty Mutual product lines.
• Participate in client, broker, and internal meetings, providing insights and strategic recommendations.
• Ensure adherence to all regulatory requirements, internal policies, and underwriting best practices.
• Contribute to continuous improvement initiatives by identifying opportunities to enhance workflows, processes, and operational efficiency.
• Support team objectives and initiatives, fostering a collaborative, high-performing environment.
• Undertake special projects and additional responsibilities as required.

Skills & Qualifications:

• Bachelor degree in Finance, Accounting, or related discipline, or equivalent experience in Surety Underwriting.
• Minimum of 5 years of Surety Underwriting experience, with Contract Surety experience preferred and considered a strong asset.
• Confident and professional presence, with the ability to effectively engage clients, brokers, and senior stakeholders.
• Strong analytical and problem-solving skills, with demonstrated experience in marketing and account management.
• Highly organized and detail-oriented, with the ability to manage multiple priorities in a fast-paced environment.
• Self-motivated with the ability to work independently while collaborating effectively within team and social settings.
• Solid understanding of economic, political, and market trends impacting the business environment.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships across diverse stakeholders.
• Proven track record of business development and the ability to identify and capitalize on growth opportunities.
• Strong technical knowledge of surety underwriting, including the ability to implement effective underwriting practices and operational processes.
• Demonstrated strength in numeracy, literacy, and technology, with the ability to balance attention to detail and big-picture thinking.
• Collaborative team player with a strong commitment to delivering results.

Liberty Mutual Canada is committed to pay transparency and fair, equitable hiring. For roles based in Ontario, we publish a Target Hiring Range in compliance with the Ontario Pay Transparency Act.

This posting is for an active, current vacancy.

Target Hiring Range: CAD $140,000 – 173,000

This range represents the expected annual base salary for this role, however, offers above the published maximum may be approved with appropriate business authorization. Final offers will be determined based on each candidate's qualifications, relevant experience, internal equity, and the needs of the role. The posted range does not include variable compensation (bonus), allowances, or benefits. We encourage all qualified candidates to apply.

We do not use AI‑based screening tools in our hiring process. Candidates who complete an interview and remain under consideration may request, and will receive, feedback within 45 days.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.